霍金斯材料 2026年季度报告

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)hasfiled all reports required to befiled by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required tofile such reports)and (2)has been subject to suchfiling requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large acceleratedfiler, an acceleratedfiler, a non-acceleratedfiler, a smaller reportingcompany, or an emerging growth company.See the definitions of “large acceleratedfiler,” “acceleratedfiler,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. HAWKINS, INC.INDEX TO FORM 10-Q PART I.FINANCIAL INFORMATIONItem 1.Financial Statements (unaudited):Condensed Consolidated Balance Sheets –December 28, 2025 and March 30, 20251Condensed Consolidated Statements of Income – Three and Nine Months Ended December28, 2025 andDecember 29, 20242Condensed Consolidated Statements of Comprehensive Income – Three and Nine MonthsEnded December 28, 2025 and December 29, 20243Condensed Consolidated Statements of Shareholders' Equity – Three and Nine MonthsEnded December 28, 2025 and December 29, 20244Condensed Consolidated Statements of Cash Flows – Nine Months Ended December 28,2025 and December 29, 20246Notes to Condensed Consolidated Financial Statements7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations17Item 3.Quantitative and Qualitative Disclosures about Market Risk19Item 4.Controls and Procedures19PARTII.OTHER INFORMATIONItem 1.Legal Proceedings20Item1A.Risk Factors20Item 2.Unregistered Sales of Equity Securities and Use of Proceeds20Item 3.Defaults Upon Senior Securities20Item 4.Mine Safety Disclosures20Item 5.Other Information20Item6.Exhibits21 ITEM1. FINANCIAL STATEMENTS HAWKINS, INC.CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)(In thousands, except share data) (In thousands, except share and per-share data) HAWKINS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) Note 1 – Summary of Significant Accounting Policies Basis of Presentation.The accompanying unaudited condensed consolidatedfinancial statements have been prepared in accordancewith the instructions for Form 10-Q and, accordingly, do not include all information and footnotes required by generally acceptedaccounting principles for completefinancial statements. Thesefinancial statements should be read in conjunction with the consolidatedfinancial statements and footnotes included in ourAnnual Report on Form 10-K for thefiscal year ended March30, 2025, previouslyfiledwith the Securities and Exchange Commission (“SEC”). In the opinion of management, the accompanying unaudited condensedconsolidatedfinancial statements contain all adjustments necessary to present fairly ourfinancial position and the results of ouroperations and cashflows for the periods presented. All adjustments made to the interim condensed consolidatedfinancial statementswere of a normal recurring nature. All significant intercompany accounts and transactions have been eliminated in consolidation. Theresults of operations for the nine months ended December28, 2025 are not necessarily indicative of the results that may be expectedfor the full year. As used in this Form 10-Q, except where otherwise stated or indicated by the context, "Hawkins," "we," "us," the Company," or "our"means Hawkins, Inc. and its subsidiaries. References to "fiscal 2024" refer to thefiscal year ended March 31, 2024, references to "fiscal2025" refer to thefiscal year ended March30, 2025, and references to "fiscal 2026" refer to thefiscal year ending March29, 2026. Effective beginning with thefirst quarter offiscal 2026, we realigned our reporting segments to reflect how we manage our operationsand allocate resources. We believe this realignment better reflects the value our company provides to our customers and our evolutionfrom a bulk commodity distributor into a specialty ingre